What happens if either formally or informally, oligopoly firms work together and hold to their agreements? Question 18 options: a) Profits can be minimized by decreasing output and increasing the price of goods and services. b) Profits can be maximized by decreasing output and decreasing the price of goods and services. c) Profits can be maximized by decreasing output and increasing the price of goods and services. d) Profits can be maximized by increasing output and increasing the price of goods and services